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Industry · DRILLINGFunction · Finance
UC-474

Manage Contract and Day Rate to protect revenue and get paid faster

Fills the Commercial page in NABORS LENS: which rig rolls when, and what it should be worth.

TBDBuild Duration
XXXXIndicative ROI
XXXXBuild Cost
XXXXValue

The Challenge

The opportunity is to eliminate a rig rolling with no plan, one rate class read two ways, and a bid priced from memory. The proposed workflow is source-linked, but the current operating baseline and financial value remain illustrative until validated with the client.

How It Works

  • One engine holds every contract, rate, option and end date, on every rig and in every country.
  • It shows which rig rolls in the next six months and what the market is paying for that class of rig today.
  • It prices each bid against what the rig actually costs to run, and names the approver before the number goes out.

What It Removes

  • A rig rolling with no plan
  • One rate class read two ways
  • A bid priced from memory
Input Data RequirementsField tickets, contracts, rate cards, invoices, approval records and accounts-receivable status
Output FormatDashboard showing which rig rolls when, and what it should be worth.
“I know which rigs roll next quarter, and what each one should be worth.”
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